Here are some points to consider:. This means I will be covering Chinese bank accounts, accessing and transferring money across borders, and more. A common pitfall for foreign businesses is underestimating their costs, and overestimating their profits, leading to a shortfall of capital. This publication should not be relied on as a substitute for such professional advice. They can take local currency of 20, RMB in or out of China. But, as 众 安 银行 mentioned earlier, you can use your Chinese bank card to withdraw foreign currency from your Chinese account when traveling to other countries. Contact us today to learn more about how we can help your business. In most cases, you can keep both RMB and foreign currency in your account. However, it is much, much harder 外汇管制对于在中国工作的外籍人士 Exchange Controls for Expats Working in China get money out of a Chinese bank account. Paying rent and utilities at a China apartment is also easier with a local account. The non-national must provide documented proof of where their money came from, like working for a Chinese employer The non-national will also need to bring relevant documents that show their identification and eligibility for the transaction, including the following: Valid identification card Passport List of income issued by the company Tax bill Employment contract Additionally, there may be further restrictions depending on which country the non-national is traveling to. In China, cash used to rule for everyday life. He is a widely experienced French professional specialized in scaling international activities without investing heavily in time or infrastructure. There seems to be no minimum amount for using a Chinese bank card at places that accept those. First, do you open a Chinese bank account or not?
You: 外汇管制对于在中国工作的外籍人士 Exchange Controls for Expats Working in China
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